Glanbia to acquire SlimFast from Kainos Capital for $350m.

Glanbia, an international dairy, consumer foods, and nutritional products company, to acquire SlimFast, manufacturer of prepared foods and miscellaneous food specialties, from Kainos Capital, a middle-market private equity firm with an exclusive focus on the food and consumer sector, for $350m. “Our acquisition of SlimFast came with no employees or systems. Behind the leadership of CEO Chris Tisi, who we partnered with when we invested in his company HNS in 2014, we quickly built a 60- plus person team in the US and the UK. This team, combined with our own internal resources, did a great job revitalizing what was an orphan brand within a large multinational company. SlimFast is positioned to continue its great success as a part of Glanbia.” Andrew Rosen, Kainos Managing Partner.